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Working Capital Loans

Working Capital Loans

Having access to cash for your day-to-day needs is an essential requirement for any business. If you cannot pay your suppliers on time or if you do not have the funds to make your payroll, it can adversely affect your reputation. Most entrepreneurs realize the need to be prompt in meeting their regular financial commitments. In fact, if you do not have adequate resources to pay for something as important as marketing expenses, it may result in lost sales and profits. It is important to remember not to use a working capital loan to buy fixed assets like machinery or expensive office equipment. For these purposes, you need to use long-term funds. A working capital loan would usually be more expensive than a long-term source of finance. If you use a working capital loan to buy capital goods you are using a relatively expensive source of finance for a long period of time. There is a reason that working capital loans are more expensive. One reason is that in many cases they are not secured by any asset. Also, the amount you receive as a working capital loan can be used by you for a wide range of business purposes. If your business receives a large order and you need to buy inventory or hire more staff, you would need to find the money for this. These are exactly the sort of expenses that a working capital loan is meant for. A business would not mind paying a little extra interest to get funds quickly so that it can fulfil a large order. The profits that result from the new business would more than compensate for the higher cost of finance. If your business is going through a lean phase and making losses, there are still certain expenses that you would need to keep on paying for. Rent, wages and office running expenses cannot be deferred if your sales are down or you are making losses. A working capital loan can be used to finance your losses. Of course, you need to be sure that over a period of time your business would turn around and you would be in a position to pay off your loan. One of the greatest advantages of a working capital loan is that most lenders are ready to make funds available in just a few days or even immediately. They know that this category of finance is usually an immediate need. But as a prudent businessperson,it is better to arrange finance before you actually need it. This way you can shop around for the best terms and the lowest rate of interest.

With over 500 business lenders, you are sure to find one that can help your small business get the money it needs to succeed. Most of the lenders work with all types of business lending options and are flexible with the amount you may be asking for. Most times you just need to fill out a quick and simple loan application and you could get your money in as little as 24-48 hours. It’s time to see what your business can do!

Accountable Capital Corp.

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(41 reviews)

24Finance LTD

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(0 review)

Accountable Capital

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Advance Partners

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Alaska Growth Capital

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Alika Business Services

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Allbex Financial Partners

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alt.Capital

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American Business Lending, Inc.

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American Merchant Advance

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